Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-05-16-Speech-2-390"
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"en.20060516.41.2-390"2
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"Madam President, Commissioner, ladies and gentlemen, I am very grateful to be given the floor once more this evening, at an hour when, in fact, the debate is drawing to a close. In my view, the report by Mr Rosati on public finances in Economic and Monetary Union is an extremely important one, as it rightly draws public attention to the fact that, in the present situation, the Member States are responsible for EU finances and also for the resulting debt for future generations.
The rapporteur is right to address his appeal to the Member States. However, in my view, he occasionally goes too far – I should like to expressly endorse the words of the rapporteur from the Group of the European People’s Party (Christian Democrats) and European Democrats, Mr Hoppenstedt, in this regard. I take the liberty of drawing attention to a further point. In 2007, Germany’s budget deficit will be below 3%, and consequently we shall meet the criteria of the Stability and Growth Pact. Indeed, Commissioner Almunia said so himself in appropriate terms. The development of Germany’s economy will thus give the EU as a whole new momentum – or at least that is my hope.
The chief concerns are well known, and so we need increased coordination of economic policies, particularly by Member States, so that individual Member States are not able to push up costs for the whole economic zone. I should like to refer once more to the report by Mr García-Margallo y Marfil, which considered the state of the European economy during the last part-session, with Parliament’s concern being the development of an intelligent growth strategy for Europe. I believe that we have not yet gone far enough down this route and that some work remains to be done in this regard.
Despite the rise in oil prices, inflation remains stable, and even consumption in the EU is at a level that could certainly be called acceptable. For this reason, we do not need pessimism, but rather action, particularly with regard to the improvement of the economic climate and the further integration of the internal market. In this respect, I hope that the report by Mr Rosati also points the Commission in the right direction."@en1
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